Computer Systems; System Backup File Sample Clauses

Computer Systems; System Backup File. (a) The Servicer shall maintain its computer systems, in accordance with its customary standards, policies and procedures, so that, from and after the time of conveyance hereunder of the Receivables to the Purchaser, the Servicer's master computer records (including any back-up archives) that refer to a Receivable shall indicate clearly the interest of the Purchaser in such Receivable and that such Receivable is owned by the Purchaser through a unique identification code that is reflected on the records of the Servicer and set forth in Exhibits A and B as being owned by the Purchaser and through marking of the Receivable pursuant to Section 2.06(h). The unique identification code which Servicer shall use is "GL Type Code
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Computer Systems; System Backup File. (a) The Servicer shall maintain its computer systems, in accordance with its customary standards, policies and procedures, so that, from and after the time of conveyance hereunder of the Receivables to the Purchaser, the Servicer's master computer records (including any back-up archives) that refer to a Receivable shall indicate clearly the interest of the Purchaser in such Receivable and that such Receivable is owned by the Purchaser through a unique identification code that is reflected on the records of the Servicer and set forth in Exhibits A and B as being owned by the Purchaser and through marking of the Receivable pursuant to Section 2.06(h). The unique identification code which Servicer shall use is "GL Type Code 306". Servicer shall have the right to change such code upon written notice to Purchaser, provided that such new code is a unique identification code. Indication of the Purchaser's ownership of a Receivable shall be deleted from or modified on the Servicer's computer systems or from the contract itself when, and only when, the Receivable shall have been paid in full (or within $25 thereof), transferred to a successor or assign of Purchaser (in which case the Servicer shall cause its records to indicate the interest and ownership of such successor or assign), or repurchased by the Seller or purchased by the Servicer in accordance with the terms of this Agreement. (b) Within forty-five (45) days after the Closing Date, the Servicer shall provide to the Purchaser a copy (on a medium mutually agreed upon between the Seller and the Purchaser) of a complete image from the Servicer's imaging system of each item in a Receivable File for each Receivable. The Servicer shall at all times maintain a complete system backup file with respect to the Receivables and shall, by no later than each Determination Date, deliver to the Purchaser a copy of (i) the loan file tape (determined by the data dictionary, in the form of Exhibit B attached hereto, as may hereafter be modified by mutual agreement of the Seller and the Purchaser) and (ii) the extracts from other applicable servicing systems of the Servicer's.
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Related to Computer Systems; System Backup File

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